#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
Even in a case where no expenditure is incurred, AO has to apply Rule 8D
Income Tax
Income Tax
Even if Rule 8D not applicable, indirect expenses which may be attributable on a reasonably proper basis can be disallowed
Income Tax
Income Tax
Disallowance U/s. 14A as per Rule 8D can not be made for the period prior to 01.04.2008
Income Tax
Income Tax
14A applicable even for the period when Rule 8 was applicable
Income Tax
Income Tax
If for earning exempted income no expenditure has been incurred, disallowance under Section 14A cannot stand
Income Tax
Income Tax
Rule 8D applicable from AY 2008-2009, however direct / indirect expenses to earn exempt Income has to be disallowed U/s. 14A
Income Tax
Income Tax
Rule 8D r.w. section 14A can not be applied for years prior to A.Y. 2008-09 so invoking of provision of section 263 of the IT Act not justified
Income Tax
Income Tax
If borrowed amount not used to earn exempt Income, no disallowance can be made U/s. 14A
Income Tax
Income Tax
Understanding Section 14A Impact with Case Laws
Income Tax
Income Tax
No Section 14A disallowance without showing how Assessee was Wrong
Income Tax
Income Tax
Payment made by the assessee to the society as society maintenance expenses are not covered under section 194C
Income Tax
Income Tax
Expenses reimbursed to recreation clubs and staff clubs of employees are revenue in nature
Income Tax
Income Tax
When the assessee did not claim the additional depreciation in the return of income, it cannot be denied merely on such basis
Income Tax
Income Tax
